Our Expert Financial Advice and Services Help
Rural Hospitals Rebuild
If your rural hospital is like many, it was originally built 30
to 50 years ago and is now outdated. You may be faced with the
difficult challenge of significantly renovating or replacing your
facility to stay competitive in the current healthcare environment.
Unfortunately, the financial markets have viewed rural hospitals
as high risk, resulting in a combination of high cost and limited
availability of capital.
Rural communities view their hospital
as one of the most critical institutions in their community.
Not only does the hospital provide critical primary care, emergency
room service, and various ancillary services, the rural hospital
is also essential in attracting sufficient physicians, is often
one of the largest employers in the area, and plays a vital role
in the physical and economical health of a community.
It is difficult for rural hospitals to generate sufficient profits
and cash so that they can secure traditional financing
for their capital projects. HCR builds custom
financing programs to help meet your organizational
In a recent 23 month period HCR completed 15 rural hospital projects
that totaled over $253 million in financing
At HCR we understand that to be effective in serving your needs,
we first need to gain your trust. We would welcome the opportunity
to travel to your community to meet with you (at no cost to you).
During this initial visit we can learn more about your hospital
and your challenges, and we can begin the process of developing
a trust relationship that is essential in developing a strong working
relationship. We would also welcome the opportunity to provide
professional and personal references for your review.
HCR closes the gap between the capital market and smaller rural
hospitals. We understand the administrative challenges and funding
complexities critical access hospitals and other rural hospitals
face today and we have the solutions to overcome them.
$30 Million Bond Issue Successfully Sold and Closed!
In late September 2009 Wright Memorial Hospital located in Trenton, Missouri successfully sold and closed a $30 million tax exempt, bank qualified revenue bond issue for a replacement hospital. Construction will commence in October and the new 59,000 square foot, 25 bed CAH will be completed 15 months later. The bonds are payable over 25 years, and the interest rate is fixed. Another successful private financing that HCR assisted with.
Let HCR bring capital to YOUR hospital. Contact